Trump Predicts U.S. Gas Prices Will Drop to $2 a Gallon “Very Soon”
The former president touts his “drill, baby, drill” energy policy, calling potential price cuts greater than any tax break as markets eye the impact on travel and consumer costs.
Former President Donald Trump predicted that gasoline prices in the United States will soon drop to $2 per gallon, calling the potential decrease “bigger than a tax cut.” He attributed the expected decline to his “intensive drilling” policy aimed at boosting domestic energy production.
Currently, the national average price for regular gasoline stands at $3.044 per gallon, according to data from the American Automobile Association (AAA). This marks a significant drop from the peak in June 2022, when prices hit an average of $5.016 per gallon during former President Joe Biden’s term.
However, the current price remains close to the average recorded a year ago — $3.130 per gallon — indicating relative stability in recent months.
Earlier this month, Trump declared October 2025 as “National Energy Dominance Month,” emphasizing that his energy strategy focuses on “maximum production, maximum prosperity, and maximum power.” His approach reflects renewed efforts to strengthen U.S. energy independence, particularly by expanding oil and gas production in regions such as the Permian Basin in Texas and New Mexico.
Experts Doubt Trump’s $2 Gas Promise Amid Global Market Uncertainty
Although some states like Oklahoma and Colorado have seen local gas prices dip as low as $1.99 per gallon at select stations, the national average remains well above Trump’s target, making his prediction appear more of a political statement than an imminent economic forecast.
According to Fox Business, if such a price drop were to occur, it would ease cost burdens on American households and reduce transportation and shipping expenses, potentially leading to lower prices for goods and services.
With the travel and holiday season approaching, markets are watching closely to see whether the new energy policies will translate into actual price declines, or if Trump’s projection will remain tied to global market fluctuations rather than domestic policy outcomes.
